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An accounting information system (AIS) is a structure that a business uses to collect, store, manage, process, retrieve and report its financial data so that it can be used by accountants, consultants, business analysts, managers, chief financial officers (CFOs), auditors and regulatory and tax agencies.
Other Objectives. Internal managerial accounting systems centralize lots of data, organizing and creating a structure where information is easy to find. For example, if you're interested in learning more details about inventory, you go to that area, not to fixed assets or budget modules.